Common use of The Revolving Credit Clause in Contracts

The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Revolving Borrower (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, the amount set forth on Schedule 2.01 under the heading "Revolving Commitment" (such amount as the same may be reduced under Section 2.08 or as a result of one or more assignments under Section 10.08, the Bank's "Revolving Commitment"); provided, however, that, after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans, together with the aggregate principal amount of all Bid Loans and Swingline Loans outstanding, shall not at any time exceed the combined Revolving Commitments. Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower may borrow under this subsection 2.01(b), prepay under Section 2.09 and reborrow under this subsection 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Louisiana Pacific Corp)

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The Revolving Credit. (a) Each Bank severally agrees, on the terms and conditions hereinafter set forth hereinforth, to make loans Loans to the Revolving Borrower (each such loan, a "Revolving Loan") Company from time to time on any Business Day during the period from the Closing Effective Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth on opposite the Bank's name in Schedule 2.01 2.1 under the heading "Revolving Commitment" (such amount as the same may be reduced under pursuant to Section 2.08 2.5 or as a result of one or more assignments under pursuant to Section 10.0810.8, or as such amount may be increased pursuant to Section 2.1(b) below, the Bank's "Revolving Commitment"); provided, however, that, after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans, together with the aggregate principal amount of all Bid Loans and Swingline Loans outstanding, shall not at any time exceed the combined Aggregate Revolving CommitmentsCommitment. Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower Company may borrow under this subsection 2.01(bSection 2.1(a), prepay under pursuant to Section 2.09 2.6 and reborrow under pursuant to this subsection 2.01(bSection 2.1(a).

Appears in 1 contract

Samples: Credit Agreement (Price Reit Inc)

The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Revolving Borrower Company (each such loan, a "Revolving LoanREVOLVING LOAN") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth on Schedule SCHEDULE 2.01 under the heading "Revolving Commitment" (such amount amount, as the same may be reduced under Section 2.08 2.05 or as a result of one or more assignments under Section 10.08, the Bank's "Revolving CommitmentCOMMITMENT"); providedPROVIDED, howeverHOWEVER, that, after giving effect to any Committed Borrowing of Revolving LoansLoans (exclusive of Revolving Loans which are repaid with the proceeds of, and simultaneously with the incurrence of, the aggregate principal amount respective incurrence of Revolving Loans), the Effective Amount of all outstanding Revolving Loans, together with Loans and the aggregate principal amount Effective Amount of all Bid Loans and Swingline Loans outstandingL/C Obligations, shall not at any time exceed the combined Commitments; AND PROVIDED FURTHER, that the Effective Amount of the Revolving CommitmentsLoans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Commitment.; and PROVIDED FURTHER, that at any time prior to the Nordic Acquisition Date, the Effective Amount of all outstanding Revolving Loans and the Effective Amount of all L/C Obligations shall not exceed $5,000,000. Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower Company may borrow under this subsection Section 2.01(b), prepay under Section 2.09 2.06 and reborrow under this subsection Section 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Waterlink Inc)

The Revolving Credit. Each Bank severally agrees, on the terms and conditions hereinafter set forth hereinforth, to make loans Loans to the Revolving Borrower Company (each such loanLoan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth on opposite the Bank's name in Schedule 2.01 2.01(b) under the heading "Revolving Commitment" (such amount as the same may be reduced under pursuant to Section 2.08 2.05 or as a result of one or more assignments under pursuant to Section 10.0811.07, the Bank's "Revolving Commitment"); provided, however, that, after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount Effective Amount of all outstanding Revolving LoansLoans and L/C Obligations together shall not at any time exceed the Aggregate Revolving Commitment; and provided further, together with that the aggregate principal amount sum of (i) the Effective Amount of the Revolving Loans of any Bank, plus (ii) the participation of such Bank in the Effective Amount of all Bid Loans and Swingline Loans outstandingL/C Obligations, shall not at any time exceed the combined such Bank's Revolving CommitmentsCommitment. Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower Company may borrow under this subsection 2.01(b), prepay under pursuant to Section 2.09 2.06 and reborrow under pursuant to this subsection 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Granite Construction Inc)

The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Revolving Borrower (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate principal amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth opposite such Bank’s name on Schedule 2.01 under the heading "Revolving Commitment" 2.1 (such amount as the same may be reduced under Section 2.08 2.5 or Section 2.7 or reduced or increased as a result of one or more assignments under Section 10.0812.9, the Bank's "’s “Revolving Commitment"); provided, however, that, that after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount Effective Amount of all outstanding Revolving Loans, together with Loans plus the aggregate principal amount Effective Amount of all Bid L/C Obligations plus the Effective Amount of all Swing Line Loans and Swingline Loans outstanding, shall not at any time exceed the combined Revolving Commitments. Within the limits of each Bank's ’s Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower may borrow under this subsection 2.01(bSection 2.1(b), prepay under Section 2.09 2.6 and reborrow under this subsection 2.01(bSection 2.1(b). As a subfacility of the Banks’ Revolving Commitments, the Borrower may request the Issuing Bank to Issue Letters of Credit from time to time pursuant to Article III. In addition, the Borrower may request the Swing Line Bank to make Swing Line Loans to the Borrower from time to time pursuant to Section 2.16.

Appears in 1 contract

Samples: Credit Agreement (Amerigas Partners Lp)

The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Revolving Borrower (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth opposite such Bank's name on Schedule 2.01 1 under the heading "Revolving Commitment" (such amount amount, as the same may be reduced under Section 2.08 4.01 or reduced or increased as a result of one or more assignments under Section 10.0812.09, the such Bank's "Revolving Commitment"); providedPROVIDED, howeverHOWEVER, that, after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans, together with the aggregate principal amount of all Bid Loans and Swingline Loans outstanding, shall not at any time exceed the combined Revolving Commitments. Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower may borrow under this subsection 2.01(b)2.01, prepay under Section 2.09 4.03 and reborrow under this subsection 2.01(b)2.01.

Appears in 1 contract

Samples: Credit Agreement (Cadence Design Systems Inc)

The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans denominated in Dollars to the Revolving Borrower Holdings (each such loan, a "Revolving LoanREVOLVING LOAN") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, the amount set forth opposite such Bank's name on Schedule SCHEDULE 2.01 under the heading "Revolving Commitment" (such amount amount, as the same may be reduced under Section 2.05 or Section 2.08 or reduced or increased as a result of one or more assignments under Section 10.0811.08, the such Bank's "Revolving CommitmentREVOLVING COMMITMENT"); providedPROVIDED, howeverHOWEVER, that, that after giving effect to any Committed Borrowing of Revolving Loans, (i) the aggregate principal amount Effective Amount of all outstanding Revolving Loans, together with the aggregate principal amount of all Bid Loans and Swingline Loans outstanding, and the Effective Amount of all L/C Obligations shall not exceed an amount equal to the lesser of (1) the combined Revolving Commitments of the Banks and (2) the Borrowing Base; and (ii) the Effective Amount of the Revolving Loans of any Bank PLUS the participation of such Bank in the Effective Amount of all L/C Obligations and the Effective Amount of all Swingline Loans shall not at any time exceed the combined such Bank's Revolving CommitmentsCommitment. Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower Holdings may borrow under this subsection 2.01(b)Section 2.01, prepay under Section 2.09 2.07 and reborrow under this subsection 2.01(b)Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Building Materials Holding Corp)

The Revolving Credit. Each Bank Revolving Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Revolving Borrower Company (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth on Schedule 2.01 under the heading "Revolving Commitment" (such amount amount, as the same may be reduced under Section 2.08 2.07 or as a result of one or more assignments under Section 10.0811.08, the BankRevolving Lender's "Revolving Loan Commitment"); provided, however, that, after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount Effective Amount of all outstanding Revolving Loans, together with all Term Loans and Swing Line Loans outstanding at such time, and the aggregate principal amount Dollar Equivalent of the Effective Amount of all Bid Loans and Swingline Loans outstandingL/C Obligations, shall not at any time exceed the combined Aggregate Commitment; and provided further, that the Effective Amount of the Revolving CommitmentsLoans of any Revolving Lender plus the participation of such Revolving Lender in the Dollar Equivalent of the Effective Amount of all L/C Obligations and such Revolving Lender's Pro Rata Revolving Share of any outstanding Swing Line Loans shall not at any time exceed such Revolving Lender's Revolving Loan Commitment. Within the limits of each BankRevolving Lender's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower Company may borrow under this subsection 2.01(b2.01(d), prepay under Section 2.09 2.08 and reborrow under this subsection 2.01(b2.01(d).

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

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The Revolving Credit. Each Bank severally agrees, on the terms and conditions hereinafter set forth hereinforth, to make loans Loans to the Revolving Borrower and WMS (each such loanLoan, a "Revolving LoanREVOLVING LOAN") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth on Schedule 2.01 opposite such Bank's name in SCHEDULE 2.01(b) under the heading "Revolving Loan Commitment" (such amount as the same may be reduced under pursuant to Section 2.08 2.05 or as a result of one or more assignments under pursuant to Section 10.0811.08, the such Bank's "Revolving CommitmentREVOLVING LOAN COMMITMENT"); providedPROVIDED, howeverHOWEVER, thatthat no Revolving Loan shall be made hereunder if, after giving effect to any Committed Borrowing of Revolving Loans, Loans (i) the aggregate principal amount Effective Amount of all outstanding Revolving Loans, together with Loans shall exceed the aggregate principal amount Aggregate Revolving Loan Commitment; (ii) the Effective Amount of the Revolving Loans of any Bank shall exceed such Bank's Revolving Loan Commitment; or (iii) the Effective Amount of all Bid Revolving Loans and Swingline Loans outstanding, made to WMS shall not at any time exceed the combined Revolving CommitmentsEighteen Million Dollars ($18,000,000). Within the limits of each Bank's Revolving Commitmentforegoing limits, and subject to the other terms and conditions hereof, the Revolving Borrower and WMS may borrow under this subsection 2.01(b), prepay under pursuant to Section 2.09 2.06 and reborrow under pursuant to this subsection 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Western Staff Services Inc)

The Revolving Credit. Each Bank Revolving Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Revolving Borrower Borrowers (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Effective Date to the Revolving Termination Date, in Dollars and/or one or more Offshore Currencies to the Company or to any Subsidiary Borrower, in an aggregate Dollar Equivalent amount not to exceed at any time outstanding, together with exceeding such Bank's participation, if any, in Swingline Loans then outstanding, the amount set forth on Schedule 2.01 under the heading "Lender’s Revolving Commitment" ; provided that (such amount as a) the same may be reduced under Section 2.08 or as a result of one or more assignments under Section 10.08, the Bank's "Revolving Commitment"); provided, however, that, after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans, together with the aggregate principal amount of all Bid Loans and Swingline Loans outstanding, Total Usage shall not at any time exceed the combined Revolving Commitments. Within the limits of each Bank's Aggregate Revolving Commitment; and (b) the sum of (i) the Dollar Equivalent principal amount of all outstanding Revolving Loans of any Revolving Lender plus (ii) such Revolving Lender’s Pro Rata Share of (x) all outstanding Swing Line Loans, (y) the amount of all L/C Obligations and subject (z) the Dollar Equivalent principal amount of all Fronted Offshore Currency Commitments shall not at any time exceed such Revolving Lender’s Revolving Commitment. Subject to the foregoing and the other terms and conditions hereof, the Revolving Borrower Borrowers may borrow under this subsection 2.01(b)Section 2.01, prepay under Section 2.09 2.10 and reborrow under this subsection 2.01(b)Section 2.01.

Appears in 1 contract

Samples: Credit Agreement (Oshkosh Truck Corp)

The Revolving Credit. Each Bank severally agrees, on the terms -------------------- and conditions set forth herein, to make loans to the Revolving Borrower Company (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from -------------- the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth on Schedule 2.01 under the heading "Revolving Commitment" (such amount ------------- amount, together with the Bank's Pro Rata Share of the Term Commitment, as the same may be reduced under Section 2.08 2.05 or as a result of one or more assignments under Section 10.0811.08, the Bank's "Revolving Commitment"); provided, however, that, after ---------- -------- ------- giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount Effective Amount of all outstanding Revolving Loans, together with the aggregate principal amount Effective Amount of all Bid Term Loans outstanding at such time and Swingline Loans outstandingthe Effective Amount of all L/C Obligations, shall not at any time exceed the combined Commitments; and provided further, --- -------- ------- that the Effective Amount of the Revolving CommitmentsLoans of any Bank plus the participation of such Bank in the Effective Amount of all L/C Obligations shall not at any time exceed such Bank's Pro Rata Share of the Revolving Commitment. Within the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower Company may borrow under this subsection 2.01(b), prepay under Section 2.09 2.06 and reborrow under this subsection 2.01(b).

Appears in 1 contract

Samples: Credit Agreement (Globalcenter Inc)

The Revolving Credit. Each Bank severally agrees, on the terms and conditions set forth herein, to make loans to the Revolving Borrower (each such loan, a "Revolving Loan") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with such Bank's participation, if any, in Swingline Loans then outstanding, outstanding the amount set forth opposite such Bank's name on Schedule 2.01 1 under the heading "Revolving Commitment" (such amount amount, as the same may be reduced under Section 2.08 4.01 or reduced or increased as a result of one or more assignments under Section 10.0812.09, the such Bank's "Revolving Commitment"); providedPROVIDED, howeverHOWEVER, that, after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans, together with the aggregate principal amount of all Bid Loans and Swingline Loans outstanding, shall not at any time exceed the combined Revolving Commitments. Within ; and PROVIDED FURTHER that no Borrowings of Revolving Loans shall be permitted hereunder at any time that any portion of the limits of each Bank's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower may borrow under this subsection 2.01(b), prepay under Section 2.09 and reborrow under this subsection 2.01(b).Multi-Year Commitments remains

Appears in 1 contract

Samples: Day Credit Agreement (Cadence Design Systems Inc)

The Revolving Credit. Each Bank Lender severally agrees, on the terms and conditions hereinafter set forth hereinforth, to make loans Loans to the Revolving Borrower (each such loanLoan, a "Revolving LoanREVOLVING LOAN") from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with outstanding (when added to such BankLender's participation, if any, in Swingline Loans Commitment Percentage of the then outstanding, outstanding Net L/C Obligations) the amount set forth opposite such Lender's name on Schedule 2.01 I under the heading "Revolving Commitment" (such amount amount, as the same may be reduced under Section 2.08 or as a result increased pursuant to the provisions of one or more assignments under Section 10.08this Agreement, the Banksuch Lender's "Revolving CommitmentREVOLVING COMMITMENT"); providedPROVIDED, howeverHOWEVER, that, after giving effect to any Committed Borrowing of Revolving Loans, the aggregate principal amount of all outstanding Revolving Loans, together with the aggregate principal amount of all Bid Loans and Swingline Loans outstanding, Net L/C Obligations shall not at any time exceed the combined Aggregate Revolving CommitmentsCommitment. Within the limits of each BankLender's Revolving Commitment, and subject to the other terms and conditions hereof, the Revolving Borrower may borrow under this subsection 2.01(b2.1(b), prepay under pursuant to Section 2.09 2.6 and reborrow under pursuant to this subsection 2.01(b2.1(b).

Appears in 1 contract

Samples: Credit Agreement (Lodgenet Entertainment Corp)

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